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About Us

 
 
The Board  |    Our Management Team |        Financials
 

WHO ARE WE

We are one of the biggest Life Insurance Companies in Nigeria today with a capital base in excess of N3billion (as at December 2007) which is above the N2billion stipulated for a life insurance company by the Federal Government of Nigeria as at February 28, 2007.
 

OUR VISION, MISSION & SHARED VALUES

   Our Vision is to be the life insurance company of choice in Nigeria and be internationally ranked among the best 20 life specialist
 
companies in Africa and be prominently positioned in the world

 

 

   Our Mission is to be a caring friend and dependable insurer providing quality and innovative life assurance, pensions and related financial

services to the satisfaction of our customers whilst promoting employee welfare and shareholder value.

 

 

Our Shared Values                                                        


Ø Friendliness

 

Ø    Responsiveness

 

Ø Honesty and integrity

 

Ø Teamwork

 

Ø    Commitment to excellence. 


 

WE CARE

As a caring friend, our customers' welfare and needs are our priorities, hence we deliver quality and innovative life insurance products and services to the satisfaction of our customers while consistently adding value to other stakeholders.
 

INVESTORS’ CONFIDENCE AND OWNERSHIP

CrystaLife Assurance Plc. is one of Nigeria’s leading life insurance specialists. With experience spanning over 2 decades underwriting the life aspect of insurance business, the company has continued to grow in leaps and bounds over the years.

CrystaLife Assurance is endowed with a balance of thoroughbred professional who possess a good understanding of Life Assurance business underwriting and investment of Life funds, Accounting, Communications, Management and Administration.

The outstanding level of customer service and ability to respond to customer needs which is part of our core values and prompt claim settlement has been the company’s proven edge over the years.

The records are transparent and liabilities are adequately backed up by real assets. The actuarial valuation had been revealing a surplus persistently in the last three years which is quite uncommon in Life Insurance operations in the Industry. At the end of the last financial year, the actuarial valuation of CrystaLife was in excess of N418million.

The shareholders are a select group of astute investors who collectively desire to establish a high profile mega Insurance Company. A Company capable of providing specialised insurance, financial planning products and services to individuals and organizations worldwide. Today, CrystaLife Assurance Plc. is the most capitalised life Insurance Company in the Country, truly Nigerian and proudly African.

Today, the Company can boast of high caliber shareholders as shown below,
 

 

Names and Structure of Our Share Holders
As at 13th November 2012

   
INVESTORS SHAREHOLDING

Equity Insurance Plc

10.27%

Cashcraft Asset Management Limited

10.37%

Platinum Capital Limited

17.28%

International Energy Insurance Plc.

10.72%

Asset & Resource Management LTD.

41.48%

Others

9.88%

   

 

The shareholders are willing and committed to making CrystaLife a mega Life Insurance Company of choice in Nigeria.

OUR CORPORATE EDGE

•   Life Specialist: CrystaLife had remained focused as a life specialist organisation since inception.
 
•   IT Driven:  All our operations are IT enabled. This makes it possible for claims to be settled within 48 hours, after due documentation.
 
•   Branch Network: Our company is represented in all the six geo-political zones of the federation as plans are in top gear to open additional branches.
 
•   Human Resources: We are endowed with a team of thoroughbred professionals which cut across the fields of Underwriting, investments, accounting, communications and administration .

•   Customer Care: Our products are developed to meet customers needs, we pay claims promptly and respond quickly to our customers’ requests and enquiries.

•   Actuarial Valuation: Our actuarial valuation had been revealing  surplus persistently in the last five years in terms of  asset over liabilities. The current actuarial valuation is in excess of N788 million and our Actuary is Hymans Robertson Consulting (HR Nigeria Ltd)
 

OUR STRENGTH

Our People, Our Processes

We are a team committed to providing a robust Life Insurance and other related financial services.

Our flexibility, customer oriented solutions and the professionalism of our people put us at an advantage in the market. Being one of the existing life specialist insurance companies that survived the recapitalization and consolidation exercise, the company is endowed with the human and material resources to provide seamless services to its numerous policy holders and deliver superior returns to its stakeholders.

To render satisfactory services to our teeming customers, we have invested huge resources in our information processes and systems to put the company on an ICT platform that will support and drive world class operations.

We are passionate about assuring a future without tears for all our stakeholders.

 

 
 
 
 
 

 

 

 

 

 

 

 

 

 

Copyright  ©  CrystaLife Assurance Plc.